Global Stretch and Shrink Film Market 2020 Outlook in New Research Report

Global Stretch and Shrink Film Market 2016-2020 report is the latest addition to RnRMarketResearch.com industry research reports collection. The report is about 56 pages and provides 29 Exhibit; the report is published in Dec -2015.

The market research analyst estimates the stretch and shrink film market to attain a CAGR of over 5% during the forecast period of 2016 to 2020. Much of this growth can be attributed to factors like the high efficiency of film manufacturing and layering, growing sales of retail items, and the increasing use of stretch and shrink hoods and beverage and pallet unitization wraps.

Complete report available http://www.rnrmarketresearch.com/global-stretch-and-shrink-film-market-2016-2020-market-report.html

Rapid growth in the food and beverage (F&B) sector is the key driver for the growth of this market. This sector is predicted to be the major customer for plastic packaging and stretch and shrink films during the forecast period. Since products in this sector are fast moving, they need to be light and cheap to reduce the transportation cost and facilitate instant disposal. The inherent property of plastics to mold into various shapes and sizes for the consumption, storage, and transportation of edible items is expected to facilitate market growth during the forecast period.

Application-based segmentation of the stretch and shrink films market

• Beverages packaging

• Consumer product packaging

• Food packaging

• Industrial/bulk product packaging

• Material goods packaging

• Pharmaceuticals packaging

In this market research report, analysts estimate the food packaging segment to lead the global market for stretch and shrink films during the forecast period. This segment is envisaged to account for a market share of more than 39% by 2020 and is closely followed by segments like industrial/bulk product packaging, material goods packaging, beverages packaging, and consumer product packaging segments. Factors like the healthy expansion...